IUX Review

Category: Reviews | Author: Trading Brokers | Date: June 22, 2024

IUX has quickly established itself as a notable player in the online trading world, offering a range of services and features designed to cater to both novice and experienced traders. With a focus on providing a seamless trading experience, IUX boasts competitive spreads, a variety of trading platforms, and a comprehensive suite of educational resources. In this review, we’ll delve into the key aspects of IUX.com, including its regulatory status, trading platforms, educational offerings, market instruments, account types, and funding options. By the end of this review, you’ll have a clear understanding of what sets IUX apart in the crowded landscape of online brokers.

Pros & Cons

  • Offers competitive spreads starting from 0.0 pips and fast order execution under 30ms
  • Great variety of trading instruments across various asset classes
  • Good selection of trading platforms for all of your devices
  • Has a low minimum deposit requirement of just $10
  • Offers swap-free trading across all account types, eliminating overnight fees
  • Provides high leverage up to 1:3000
  • Institutional-grade trading with real, deep liquidity
  • Diverse proprietary liquidity mix ensures tight spreads 24/7
  • Vast range of account funding options
  • Low latency fibre optic and Equinix LD4 server
  • Free Low Latency Collocated VPS available
  • Free demo trading accounts
  • Regulated in multiple jurisdictions
  • Excellent customer support
  • No guaranteed stop-loss protection, which could lead to potential slippage during volatile markets
  • Does not offer the MetaTrader 4 or cTrader platforms at this time

Summary

IUX.com, founded in 2016, is a well-established online trading platform offering a diverse range of financial instruments, including currencies, stocks, indices, commodities, and cryptocurrencies. With competitive trading conditions, such as ultra-low spreads starting from 0.0 pips, fast order execution, and deep liquidity, IUX caters to traders of all levels. The broker provides user-friendly trading platforms, including MetaTrader 5 and proprietary web and mobile applications, equipped with advanced features.


IUX emphasizes education, offering comprehensive resources like articles, webinars, and a glossary. With a low minimum deposit of $10 and multiple account types, the broker remains accessible to a wide range of traders. IUX operates under the oversight of several regulatory bodies, including the FSCA in South Africa, the LFSA in Malaysia and the MWALI International Services Authority in the Comoros, and supports various payment methods for convenient transactions. Continue reading to gain a more thorough understanding of IUX and its range of offerings.

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Regulation

IUX operates under multiple regulatory frameworks to provide a secure trading environment for its users. The broker is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa with FSP No 53103, which offers some assurance that IUX adheres to South African financial services laws and standards for treating customers fairly. In addition, they also hold an Labuan Financial Service Authority (LFSA) license with No. LL18105,

IUX is also registered as an international business company (IBC) in St. Vincent and the Grenadines under company registration number 26183. However, it’s important to note that registration in this jurisdiction does not constitute meaningful regulation or oversight, as the Financial Services Authority (FSA) in St. Vincent and the Grenadines does not regulate Forex brokers. This multi-jurisdictional approach aims to provide traders with a sense of security, but investors must understand the varying levels of protection offered by each regulatory body. I am confident that the regulation of IUX would provide me with more than enough protection.

Platforms & Tools

IUX offers a variety of trading platforms to suit different trader preferences. Each platform is very user-friendly, with all of the trading tools that you need to analyse the financial markets and make informed trading decisions. You can do everything from studying charts to placing and managing trades, when and where it suits you.

Let’s take a closer look at each platform:

  • MetaTrader 5 (MT5): The go-to platform for many traders, MT5 offers advanced charting, a wide range of technical indicators, and support for automated trading through Expert Advisors.
    MetaTrader 5 (MT5) Platform

    MetaTrader 5 (MT5) Platform

  • IUX Web Trade: This is IUX’s proprietary web-based platform. No need for downloads or installations – just log in and start trading right from your browser. It gives you access to over 250 global markets, including CFDs, stocks, indices, commodities, and cryptocurrencies.
    IUX Web Trade Platforms

    IUX Web Trade Platforms

  • IUX App Trade: For those who like to trade on the go, the IUX mobile app brings the power of their trading platform to your smartphone. Available for both iOS and Android devices, it offers the same features and market access as the web platform.
    IUX App Trade Platforms

    IUX App Trade Platforms

Analysis Tools

To help you make informed trading decisions, IUX provides a set of handy analysis tools. This is great for finding opportunities in the markets and assisting with your decision making. Here’s what you can expect:

  • Economic Calendar: Stay on top of market-moving events with this tool. It shows you upcoming economic releases, their expected impact, and previous figures, helping you plan your trades around important announcements.
  • Calculators: IUX offers various calculators to help you crunch the numbers. While the specific types aren’t detailed on their website, these typically include tools for calculating pip value, margin, profit/loss, and more.
  • Currency Converter: A straightforward tool that lets you quickly convert between different currencies, useful for understanding your potential profits or losses in your preferred currency.
  • Analyze & Technical: This refers to technical analysis tools, which could include chart patterns, technical indicators, and other features to help you analyze price movements and identify potential trading opportunities.

These platforms and tools are designed to give traders of all levels the resources they need to navigate the markets effectively.

Education

IUX takes trader education seriously, offering a variety of resources to help you sharpen your trading skills. This makes them a great choice of broker for beginners who are looking to practice and improve their trading skills. Let’s break down what’s on offer:


  • Articles: IUX provides a collection of articles covering various trading topics. These are great for quick reads on market insights, trading strategies, and financial news. They’re perfect for staying up-to-date with the latest trends and expanding your trading knowledge bit by bit.
  • Academy: The IUX Academy is where you can dive deeper into trading concepts. It’s structured to take you from beginner to advanced levels, covering everything from basic trading principles to complex market analysis techniques. It’s like having a trading school at your fingertips!
  • Glossary: Ever come across a trading term that left you scratching your head? IUX’s glossary is here to help. It’s a comprehensive list of trading terms and their definitions, making it easier for you to understand the jargon that comes with the territory.
  • Webinar: For those who prefer a more interactive learning experience, IUX offers webinars. These online sessions cover various trading topics and are led by experienced traders. It’s a great way to learn new strategies and get your questions answered in real time.

These educational resources are designed to support traders at all levels, helping you build confidence and make more informed trading decisions.

Markets

IUX brings a whole bunch of global markets right to your fingertips. They’ve got a pretty diverse range of trading instruments, so you can pick and choose what suits your trading style. Whatever your trading preferences, there is something for everyone. Let’s get down to it:

IUX Markets

IUX Markets

  • Currencies: If you’re into forex, you’re in luck. IUX offers over 60 currency pairs to trade. That’s a lot of options for currency traders!
  • Stocks: For those who like to trade individual companies, IUX has you covered with more than 120 stocks to choose from. That’s a nice selection of companies from around the world.
  • Indices: Want to trade entire markets instead of individual stocks? IUX offers 23+ indices, so you can get exposure to different countries’ stock markets in one go.
  • Cryptocurrencies: If you’re into digital currencies, IUX has at least 5 crypto products available. While it’s not the biggest selection out there, it covers the major players in the crypto world.
  • Commodities: For those interested in trading raw materials and natural resources, IUX offers 19+ commodity products. This could include things like oil, gold, and other popular commodities.

All of these markets are available to trade across IUX’s different platforms.

Accounts

IUX offers a good range of account types to cater to different trading styles and experience levels. Here’s a breakdown of what they offer:

  • Standard Account: This is IUX’s entry-level account, perfect for traders just starting out or those who prefer straightforward trading conditions. With a low minimum deposit of just $10, it’s accessible to most traders. You’ll enjoy spreads starting from 0.2 pips and leverage up to 1:3000, all without any commissions. The Standard Account gives you access to over 60 currency pairs, 120+ stocks, 23+ indices, 5+ cryptocurrencies, and 19+ commodities. Execution speeds average under 30ms, ensuring quick trade placement. The account features a 0% stop-out level and a 30% margin call level, providing some flexibility in your trading.
  • Standard+ Account: The Standard+ Account is similar to the Standard but with a few extra perks. It still has a low $10 minimum deposit, but offers deposit bonuses of 35% and 25% up to $3,300. Spreads start slightly higher at 0.5 pips, and the maximum leverage is capped at 1:1000. This account type has a higher stop-out level of 35% and a margin call level of 50%, which might appeal to more cautious traders. Like the Standard Account, it’s commission-free and provides access to the full range of IUX’s trading instruments.
  • Pro Account: Designed for more experienced traders, the Pro Account requires a minimum deposit of $500. It offers tighter spreads starting from 0.1 pips and maintains a high leverage of up to 1:3000. This account type is commission-free and provides deep liquidity and fast execution, making it suitable for high-volume traders. The Pro Account shares the same stop-out and margin call levels as the Standard Account (0% and 30% respectively) and provides access to all of IUX’s trading instruments.
  • Raw Account: The Raw Account is IUX’s offering for professional traders seeking the absolute lowest spreads. With a $500 minimum deposit, this account type offers tight spreads starting from 0.0 pips but charges a commission of $3 per lot per side. It maintains a high leverage of up to 1:3000 and shares the same stop-out and margin call levels as the Pro and Standard accounts. Like the Pro Account, it offers deep liquidity and fast execution, making it ideal for high-frequency traders.

For those wanting to test the waters, IUX offers a $30 Welcome Standard Bonus account in eligible countries, allowing new clients to start trading without an initial deposit, subject to specific terms and conditions. Remember, trading conditions may vary based on market conditions and regulatory requirements, so it’s always best to check the latest information on IUX’s website or contact their support team for the most up-to-date details.


You can also test the brokers conditions and master your trading strategies with a free demo account. This can help you to get a feel for IUX broker and what they offer before making a commitment.

Funding

IUX offers a great variety of payment options to make depositing and withdrawing funds as convenient as possible for traders. Here’s what they offer:

  • Bank Wire Transfer: This traditional method is available for both deposits and withdrawals.
  • Credit/Debit Cards: They accept Visa and Mastercard for quick and easy transactions.
  •  E-wallets: IUX supports several popular e-wallet options, including Skrill and Neteller.
  •  Local Payment Solutions: They offer various local payment methods, which may vary depending on your region.
  • Cryptocurrencies: IUX also offers cryptocurrency payment via the Crypto Pay platform.

IUX emphasizes that they don’t charge any internal fees for deposits or withdrawals, though they do mention that third-party charges may apply depending on the method you choose. They also highlight their commitment to fast processing times, especially for withdrawals, with most methods being processed within 24 hours. It’s worth noting that the available payment methods might vary depending on your location and account type. For the most up-to-date and personalized information, it’s always best to check the options available in your IUX account dashboard or contact customer support directly.

Conclusion

So, there you have it – a deep dive into what IUX has to offer. From their range of trading platforms and tools to their educational resources and diverse market offerings, IUX seems to have a lot going for it. They’ve got account types to suit different trading styles and experience levels, and their funding options are pretty diverse too. One thing that stands out is their emphasis on low spreads and fast execution speeds, providing top class trading conditions. That’s a plus for active traders. They have some oversight from authorities in South Africa, Malaysia and the Comoros, along with a very efficient support team on hand to help you as and when needed. Whatever your prior trading experience or goals are, IUX broker has something for everyone.

$10

IUX is a leading online trading broker established in 2016, offering competitive spreads, fast execution, and a diverse range of tradable instruments across currencies, stocks, indices, commodities, and cryptocurrencies.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.


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